GPM Reminds Investors of the October 14th Deadline in the Class Action Lawsuit Against Concordia International Corp. and
Encourages Investors to Contact the Firm
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the October 14, 2016 deadline to file a lead
plaintiff motion in the class action lawsuit filed on behalf of investors who purchased or otherwise acquired Concordia
International Corp. (“Concordia” or the “Company”) (NASDAQ: CXRX) securities between November 12, 2015, and August 12, 2016.
On August 12, 2016, Concordia issued a press release announcing that it was lowering its 2016 guidance “to reflect the impact of
unexpected competition on several products in our North America segment, and current foreign currency exchange rates.” The Company
also announced that Adrian de Saldanha, Concordia’s Chief Financial Officer, was leaving the Company, and that Concordia’s Board
unanimously agreed to suspend the Company’s $0.075 quarterly dividend. On this news, Concordia’ stock price fell $6.33 per share,
or 38%, to close at $10.03 per share on August 12, 2016, thereby injuring investors.
The complaint charges Concordia and certain of its officers with violations of the federal securities laws. Specifically, the
complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company was
experiencing a substantial increase in market competition against the Company’s drug, Donnatal, and other products; (2) that, as a
result, the Company’s financial results would suffer, and the Company would be forced to suspend its dividend; and (3) that, as a
result of the foregoing, Defendants’ statements about Concordia’s business, operations, and prospects, were false and misleading
and/or lacked a reasonable basis.
If you purchased or otherwise acquired Concordia shares during the Class Period, you may move the Court no later
than October 14, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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